Full Charge Bookkeeper Job Description Sample Template

what does full charge bookkeeper mean

This article will explore the world of full charge bookkeeping, exploring its key components, benefits, and how it differs from other bookkeeping methods. A full charge bookkeeper has complete responsibility for the finances of a company, compliance with account standards, and taxation. An accountant is a person solely responsible for the accounting aspect of a company’s finances.

Full Charge Bookkeeping entails the exhaustive management of a business’s financial records and transactions.
So the position of a full charge bookkeeper doesn’t cover all the duties of an accountant.
What is the full charge bookkeeper’s role in comparison to an accountant’s, then?
Going full-charge means all bookkeeping, AR/AP, data systems, tax, and financial statements are prepared by one person.
The long middle stages of this transition are when you might want to consider a full-charge bookkeeper.
Due to the higher level of responsibilities that FC bookkeepers have, some employers insist that candidates have prior bookkeeping and accounting experience.
We take pride in its high-quality service, ensuring clients can focus on other important aspects of business.

Choosing a Professional Bookkeeping Service

The choice depends on a company’s size, the complexity of financial transactions, and specific business requirements. Whether choosing a bookkeeper, full charge bookkeeper, or utilizing a combination of both, the goal remains accurate, reliable, and efficient financial management to support business success. The title ‘full charge’ accurately describes the breadth and depth of their responsibility – they are ‘fully in charge’ of an organization’s bookkeeping needs. Given this broader scope, a full charge bookkeeper typically requires more experience and a deeper understanding of financial management than a regular bookkeeper.

what does full charge bookkeeper mean

Job Brief

what does full charge bookkeeper mean

Most smaller businesses work with their own in-house teams or outsourced bookkeepers until they reach a certain size. At that point, they usually add high-level roles like controllers or CPAs full-time. Continued professional development is encouraged in this role, with many Full Charge Bookkeepers pursuing additional courses or training in financial management, tax laws, and advanced accounting software. A Full Charge Bookkeeper is an individual who is responsible for all aspects of a company’s financial record-keeping, including Accounts Receivable, Accounts Payable, Payroll, and General Ledger. A Full Charge Bookkeeper is typically someone who has experience working in an accounting or bookkeeping role, and has a strong understanding of Generally Accepted Accounting Principles (GAAP).

Is Hiring a Full Charge Bookkeeper the Right Thing to Do?

Attention to detail helps you identify discrepancies, reconcile accounts, and avoid costly mistakes. Proficiency in accounting software is a must-have skill for any full charge bookkeeper. With the advancement of technology, most businesses now rely on accounting software to manage their financial transactions and records. As a full charge bookkeeper, you https://www.instagram.com/bookstime_inc need to be well-versed in popular accounting software programs such as QuickBooks, Xero, or Sage.

On the other hand, a regular bookkeeper typically follows established procedures and guidelines set by the full charge bookkeeper or the company’s management. In summary, a full charge bookkeeper is a highly skilled and essential member of any organization. Their responsibilities span from recording financial transactions to generating accurate financial statements. By possessing the necessary skills and qualifications, full charge bookkeepers contribute to the financial success and stability of businesses.

Evidence of ongoing professional development in the field of accounting can also be a positive sign. Other valuable skills to look for include problem-solving abilities, excellent communication skills, and a proven ability to maintain confidentiality. They must also have a good understanding of business practices and regulations to ensure that all accounting activities adhere to legal standards. Proficiency in accounting software, such as QuickBooks, and Microsoft Office applications is also necessary. The actual salary can vary depending on factors such as experience, qualifications, the size and industry of the company, and the geographical location. They should also be proficient in computer accounting software and spreadsheet programs.

Full charge bookkeeping is a skillset that drives a variety of financial responsibilities.
Full-charge bookkeepers gather their skills through a combination of education, on-the-job training, and professional certifications.
Conversely, a full-charge bookkeeper operates independently, serving as the primary financial expert for the organization.
A full charge bookkeeper with certification can help you with recording transactions, processing accounts payable, managing payroll, and doing taxes.
Estimated quarterly taxes are filed and paid, and annual returns are prepared for the company.

what does full charge bookkeeper mean

Even though we’ve gone through the main full charge bookkeeping responsibilities, let’s delve deeper into how an FC bookkeeper’s career differs from that of an accountant. For example, full charge bookkeepers in major metropolitan areas or working for larger corporations may command higher salaries compared to those in smaller https://www.bookstime.com/ cities or companies. Additionally, those with specialized knowledge or certifications, such as Certified Public Bookkeeper (CPB) or Certified Bookkeeper (CB), may be able to command higher compensation. For a full charge bookkeeper, the average national salary in the US is $20.57 per hour. Nevertheless, the salaries of the same can differ depending on the place of posting, location of employment, and level of experience.

what does full charge bookkeeper mean

What Is RPA Accounting?

In some cases, they may be in charge of implementing and maintaining financial policies and procedures, ensuring that the company complies with legal and regulatory requirements. Full Charge Bookkeepers are well-versed in accounts payable and receivable, payroll, and bank reconciliations. Our ideal candidate has a Finance degree and is familiar with accounting software packages, like QuickBooks and FreshBooks. As per Indeed’s numbers, the average base salary of a controller is around $46.33 per hour. For comparison, the average base salary of a full-charge bookkeeper per hour is $21.26. This could vary based on factors such as location, education, and prior experience.

With their attention to detail and expertise in accounting software, full charge bookkeepers can generate comprehensive financial reports that provide valuable insights into your company’s financial health.
They handle the daily financial activities, ensuring all transactions are accurately recorded on time.
This includes recording all transactions, producing financial statements, managing accounts payable and receivable, processing payroll, and preparing tax returns.
They’ll be in charge of getting your finances organized, keeping track of sales, income and expenses, and executing payrolls.
Full Charge Bookkeepers are well-versed in accounts payable and receivable, payroll, and bank reconciliations.
Outsourced bookkeeping services can provide your business with expertise without the overheads of hiring an in-house bookkeeper.

Best Practices for Full Charge Bookkeeping

They can help businesses forecast future financial situations, plan budgets, and advise on tax-related issues. Accountants usually have a more pronounced role in forming business strategies, supporting the organization’s growth and sustainability. Full-charge bookkeepers actively participate in decision-making processes and provide business owners and managers with valuable what does full charge bookkeeper mean financial insights. They generate financial reports and statements, permitting business owners to make informed alternatives based on accurate financial data. An in-house bookkeeper may not be involved in higher-degree financial evaluation or decision-making. Knowing what is included in full charge bookkeeping services makes you aware that a degree, skills, and certifications sometimes aren’t enough.

Full Charge Bookkeeper Job Description Sample Template

Choosing a Professional Bookkeeping Service

Job Brief

Is Hiring a Full Charge Bookkeeper the Right Thing to Do?

What Is RPA Accounting?

Best Practices for Full Charge Bookkeeping

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